Global Payments (GPN) Earning Somewhat Positive Press Coverage, Study Shows

Press coverage about Global Payments (NYSE:GPN) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Payments earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.9697216455156 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Global Payments (GPN) traded down 0.35% during trading on Friday, reaching $93.31. The company had a trading volume of 930,324 shares. The company has a market capitalization of $14.23 billion, a PE ratio of 72.39 and a beta of 1.09. The stock has a 50 day moving average price of $92.67 and a 200-day moving average price of $85.23. Global Payments has a 52-week low of $64.63 and a 52-week high of $97.99.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. Global Payments’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. On average, equities research analysts anticipate that Global Payments will post $3.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is presently 3.07%.

Several research analysts have commented on GPN shares. BMO Capital Markets raised their price objective on Global Payments from $91.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a research report on Monday, May 15th. Royal Bank Of Canada lowered their price target on Global Payments from $103.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 price target (up previously from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $97.00 price objective (up previously from $93.00) on shares of Global Payments in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $94.58.

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In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $88.09, for a total value of $52,854.00. Following the completion of the sale, the director now owns 49,093 shares in the company, valued at approximately $4,324,602.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David E. Mangum sold 75,794 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $94.51, for a total transaction of $7,163,290.94. Following the completion of the transaction, the insider now directly owns 112,930 shares in the company, valued at approximately $10,673,014.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,496 shares of company stock valued at $10,010,366. Insiders own 0.93% of the company’s stock.

About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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